but the federal minimum wage still applies; those include Alabama, Louisiana, Mississippi, South Carolina and Tennessee. In certain states, the minimum wage is more, depending on whether a particular city or region within that state sets a higher minimum. ...
As of January 1, 2023, the minimum wage for federal contractors is $16.20 per hour, and for tipped federal contractors, the minimum wage is $13.75 per hour.2 State Minimum Wage Rates Some states pay a higher minimum wage than the federal minimum. For example, Florida's minimum wage is $...
Now that your federal return is complete and reviewed, TurboTax gives you the option to pull your federal return information into your state return. The process for completing your state return is the same as your federal. The software takes you step-by-step through your income and tax breaks...
Tipped employees receive a cash wage of at least $2.13 combined with tips to reach the federal minimum wage of $7.25 per hour.
Some states have a youth minimum that is greater than the federal youth minimum wage. For more information, check out theU.S. Department of Labor’s website. Living wage vs. minimum wage When looking through state and local minimum wage laws, you may see the term “living wage.” So, ...
What Is Minimum Wage? The federal minimum wage is $7.25 an hour as of 2024.3 What Does Skilled Labor Mean? All jobs take some measure of skill to perform and hold them but skilled labor usually refers to positions that require a very specific skill set to obtain. These might include compu...
There's also a federal minimum wage at $7.25 an hour.2Employers must pay minimum wage employees whichever rate is higher, so if the federal rate is higher than the state rate, an employee gets the federal minimum wage. The same is true if the state rate is higher.1 ...
This figure is higher than the federal minimum wage for tipped employees, defined by the FLSA as just $2.13 per hour. What is the 80/20 rule for tipped employees in Florida? The 80/20 rule applies to tipped employees who spend some amount of their work time doing “tip-supporting work”...
U.S. small-business owners are divided over President Obama's push to hike the federal minimum wage to $9 an hour from $7.25. Instead of helping struggling workers make ends meet, critics claim it would cause layoffs and stifle growth.Kate Rogers...
The minimum wage is $7.25 per hour for nonexempt employees under the federal law. However, state-based thresholds can vary quite a bit. For instance, the minimum wage in California is $16, and New York’s is $15. Meanwhile, states like North Carolina and New Hampshire have the same min...